Forfeiture and Expiration of Restrictions. (a) Except as otherwise provided in Sections 5, 6 or 7 below, as applicable, the forfeiture and other restrictions on the Restricted Shares granted pursuant to this Agreement shall lapse and such Restricted Shares shall vest in accordance with the following schedule:
Forfeiture and Expiration of Restrictions. (a) The Executive shall forfeit to the Company (i) all of the Restricted Units immediately and without any payment to the Executive whatsoever if the Executive's employment with the Company or a subsidiary of the Company is terminated before ___ for any reason other than death, total and permanent disability, or retirement, as provided in Section 4(b) below, and (ii) two-thirds (2/3) of the Restricted Units if the Executive's employment with the Company or a subsidiary of the Company is so terminated after ___ and before ___, and (iii) one-third (1/3) of the Restricted Units if the Executive's employment with the Company or a subsidiary of the Company is so terminated after ___ and before ___. After ___, one-third (1/3) of the Restricted Units (the "___ Units") will be fully vested if (A) the Executive meets the Employment Requirement (as defined below) on ___ and (B) the Company achieves the Performance Standard (as defined below) for a quarter in the period beginning ___ and ending ___. If the Performance Standard is not achieved for a quarter in the period ___ and ending ___, the ___ Units shall be forfeited. One-third of the Restricted Units (the "___ Units") will be fully vested if (A) the Executive meets the Employment Requirement on ___ and (B) the Company achieves the Performance Standard for a quarter in the period beginning ___ and ending ___. If the Performance Standard is not achieved for a quarter in the period beginning ___ and ending ___, the ___ Units shall be forfeited. One-third of the Restricted Units (the "___ Units") will be fully vested if (A) the Executive meets the Employment Requirement on __________, ___ and (B) the Company achieves the Performance Standard for a quarter in the period beginning ___ and ending ___. If the Performance Standard is not achieved for a quarter in the period beginning ___ and ending ___, the ___ Units shall be forfeited. If the Executive meets the applicable Employment Requirement, the ___ Units, the ___ Units and/or the ___ Units as the case may be will become vested on the date, if any, that the Compensation Committee (the "Committee") certifies that the Partnership has met the Performance Standard applicable for the ___ Units, the ___ Units and/or the ___ Units as the case may be. For purposes of this Agreement, the Employment Requirement means employment of the Executive by the Company or a subsidiary in the business of the Partnership at the date specified. For purposes of this Agreement, the Perfor...
Forfeiture and Expiration of Restrictions. Subject to the terms and conditions of this Agreement, the restrictions described in Section 2 shall lapse and the Restricted Units shall become vested and nonforfeitable (“Vested Units”), provided the Service Provider has continuously provided services to the Partnership Entities, without interruption, from the Date of Grant through each applicable vesting date (each, a “Vesting Date”), in accordance with the following schedule: Vesting Date Cumulative Vested Percentage On [__________] 33% On [__________] 66% On [__________] 100%
Forfeiture and Expiration of Restrictions. (a) The Director shall forfeit to the Company all of the Restricted Units immediately and without any payment to the Director whatsoever if the Director ceases to be a member of the Board before , (the “Vesting Date”), for any reason, other than death, total and permanent disability, or retirement, as provided in Section 4(b) below. On and after such date, all such Restricted Units shall be fully vested and nonforfeitable (“Vested Units”).
Forfeiture and Expiration of Restrictions. (a) The Executive shall forfeit to the Company (i) all of the Restricted Shares immediately and without any payment to the Executive whatsoever if the Executive’s employment with the Company or a subsidiary of the Company is terminated before , for any reason other than death, total and permanent disability, or retirement, as provided in Section 4(b) below, and (ii) one-half (½) of the Restricted Shares if the Executive’s employment with the Company or a subsidiary of the Company is so terminated after , and before , . After , , one-half (½) of the Restricted Shares will be fully vested and nonforfeitable and after , , all Restricted Shares shall be fully vested and nonforfeitable (“Vested Shares”).
Forfeiture and Expiration of Restrictions. Subject to the terms and conditions of this Agreement, the restrictions described in Section 2 shall lapse and the Restricted Units shall become vested and nonforfeitable (“Vested Units”), provided the Service Provider has continuously provided services to the Partnership Entities, without interruption, from the Date of Grant through each applicable vesting date (each, a “Vesting Date”), in accordance with the following schedule: Vesting Date Cumulative Vested Percentage On November 15, 2015 33% On November 15, 2016 66% On November 15, 2017 100%
Forfeiture and Expiration of Restrictions. (a) The Employee shall forfeit to the Company (i) all of the Restricted Shares immediately and without any payment to the Employee whatsoever if the Employee’s employment with the Company or a subsidiary of the Company is terminated before January 1, 2009 for any reason other than death, total and permanent disability, or retirement, as provided in Section 4(b) below, and (ii)two-thirds (2/3) of the Restricted Shares if the Employee’s employment with the Company or a subsidiary of the Company is so terminated after December 31, 2008 and before January 1, 2010, and (iii) one-third (1/3) of the Restricted Shares if the Employee’s employment with the Company or a subsidiary of the Company is so terminated after December 31, 2009 and before January 1, 2011. After December 31, 2008, one-third (1/3) of the Restricted Shares will be fully vested and nonforfeitable, and after December 31, 2009, two-thirds (2/3) of the Restricted Shares shall be fully vested and nonforfeitable, and after December 31, 2010 all Restricted Shares shall be fully vested and nonforfeitable (“Vested Shares”).
Forfeiture and Expiration of Restrictions. (a) The Employee shall forfeit to the Company (i) all of the Restricted Units immediately and without any payment to the Employee whatsoever if the Employee's employment with the Company or a subsidiary of the Company is terminated before ___, ___ for any reason other than death, total and permanent disability, or retirement, as provided in Section 4(b) below, and (ii) two-thirds (2/3) of the Restricted Units if the Employee's employment with the Company or a subsidiary of the Company is so terminated after ____, ___ and before ____, ___, and (iii) one-third (1/3) of the Restricted Units if the Employee's employment with the Company or a subsidiary of the Company is so terminated after ____, ___ and before ____, ___. After ____, ___, one-third (1/3) of the Restricted Units shall be fully vested and nonforfeitable, and after ____, ___, two-thirds (2/3) of the Restricted Units shall be fully vested and nonforfeitable, and after ____, ___, all Restricted Units shall be fully vested and nonforfeitable ("Vested Units").
Forfeiture and Expiration of Restrictions. (a) The Employee shall forfeit to the Company all of the Restricted Units immediately and without any payment to the Employee whatsoever if the Employee’s employment with the Company or a subsidiary of the Company is terminated before , (the “Vesting Date”) for any reason other than death, total and permanent disability, or retirement, as provided in Section 4(b) below. On and after such date, all such Restricted Units shall be fully vested and nonforfeitable (“Vested Units”).
Forfeiture and Expiration of Restrictions. (a) The Employee shall forfeit to the Company (i) all of the Restricted Shares immediately and without any payment to the Employee whatsoever if the Employee’s employment with the Company or a subsidiary of the Company is terminated before [INSERT DATE] for any reason other than death, total and permanent disability, or retirement, as provided in Section 4(b) below, and (ii)two-thirds (2/3) of the Restricted Shares if the Employee’s employment with the Company or a subsidiary of the Company is so terminated after [INSERT DATE] and before [INSERT DATE], and (iii) one-third (1/3) of the Restricted Shares if the Employee’s employment with the Company or a subsidiary of the Company is so terminated after [INSERT DATE] and before [INSERT DATE]. After [INSERT DATE], one-third (1/3) of the Restricted Shares will be fully vested and nonforfeitable, and after [INSERT DATE], two-thirds (2/3) of the Restricted Shares shall be fully vested and nonforfeitable, and after [INSERT DATE] all Restricted Shares shall be fully vested and nonforfeitable (“Vested Shares”). [THE FOREGOING PROVISIONS TO BE REVISED TO REFLECT ANY APPLICABLE VESTING PERIOD GREATER OR LESS THAN THREE YEARS]
